After a legal battle, the two Hollywood giants have become one. But the new company is saddled with debt, and in a memo to employees, its leaders hinted at cost cuts.

/PRNewswire/ -- Skydance Corporation (NYSE: SKYD) ("Skydance") today announced the director and advisor designees for the newly combined company, formed...

Mark Thompson told the network’s employees that he had faith that David Ellison, the chief executive of Skydance, would support “independent news that CNN has always stood for.”

The tech scion has given his combination of Warner Bros. Discovery and Paramount a new name: Skydance. Now he must make tough decisions about news, movies, streaming, sports and debt.

David Ellison is negotiating to keep CNN’s chief executive, Mark Thompson, in place without oversight from Bari Weiss, the CBS editor in chief, when the networks’ parent companies merge.

Specific reporters from The New York Times, The Wall Street Journal and Bloomberg were not granted credentials to cover the meeting of financial leaders next week in Asheville, N.C.

RJ Shook of Shook Research said he paid Randall Lane, the former top editor at Forbes, for “services and guidance” in partnering with Forbes and later selling his research firm.

An arbitrator ordered the newspaper to reinstate Karen Attiah, who was fired after posting about “white men who espouse hatred and violence” following Charlie Kirk’s killing.

Order on Motion for Miscellaneous Relief AND Order on Motion to Dismiss